Which of the Following Is a Violation of the Fiduciary

question 13

Multiple Choice

Which of the following is a violation of the fiduciary duty of a partner?

• A)A violation occurs where one partner carries on a business unrelated to the partnership with the permission of the partners.
• B)A violation occurs where a partner uses the partnership property for partnership business.
• C)A violation occurs where one partner learns of an investment opportunity in the field of the partnership and tells the partners.The partners decline on the opportunity,so he takes advantage of it himself.
• D)A violation occurs where one partner uses information that he has gained from the partnership for the advantage of the partnership.
• E)A violation occurs where one partner starts another business,without the consent of the other partners,that is the same as or in competition with the partnership business.

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Definitions:

In-group

A social group to which an individual feels a sense of belonging and identity.

Formal Organizations

Complex and structured secondary groups designed to achieve specific goals efficiently, usually guided by rules and regulations and characterized by a hierarchical system of roles.

Macroanalysis

A broad approach in sociology that focuses on large-scale social structures and processes.

Microanalysis

Analysis of the smallest, most immediately visible parts of social life, such as people interacting.